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Learn more about Tezos
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Tezos (XTZ) price has increased today.
Tezos (XTZ) is priced at $0.920 today, with a 24-hour trading volume of $36,976,049.45. It is reflecting a 0.88% increase over the last 24 hours and a 8.54% decline over the past 7 days. With a circulating supply of 980 Million XTZ, Tezos’s current market cap is at $901,913,477.82.
Understanding Tezos (XTZ)
Tezos is a special kind of blockchain network. Unlike Bitcoin and Ethereum, it can change and get better without needing disruptive system-wide upgrades, known as hard forks. If you own XTZ (Tezos tokens), you can vote on new upgrade ideas that developers suggest.
Tezos says it’s “secure, upgradable, and built to last.” It uses a smart contract language that’s really accurate, which is great for handling high-stakes jobs. It claims it can keep up with future developments in blockchain tech without becoming outdated.
Tezos started from a white paper in September 2014, but the main network didn’t launch until four years later because of several delays.
The Visionaries Behind Tezos
Arthur Breitman wrote the initial Tezos white paper using the name L. M. Goodman. He saw a problem in Bitcoin’s governance, as it didn’t welcome community input or allow new tokens to be created.
Arthur and Kathleen Breitman founded Dynamic Ledger Solutions to create the code that Tezos uses. Later, the Tezos Foundation bought this company to own all the intellectual properties of the network.
What Sets Tezos Apart
Tezos has a unique way of doing staking, called “baking.” If you stake 8,000 XTZ, you get to participate in network governance and are financially encouraged to stay honest.
During a 23-day period, bakers and participants vote in four steps on proposed code changes for the blockchain. If most people support a proposal, it goes through a strict 48-hour trial. If a super-majority approves it after that, it becomes a permanent part of the code.
Total Supply of Tezos (XTZ) Coins
Right now, there are 95 million XTZ coins in circulation.
Tezos had a token sale in July 2017, raising 65,681 BTC and 361,122 ETH, equal to $232 million at the time. It was one of the biggest initial coin offerings ever.
Investors got 80% of the starting supply, with the other 20% split between the Tezos Foundation and Dynamic Ledger Solutions.
The launch of the main network was delayed due to legal fights with unhappy investors who argued that XTZ was like unregistered securities.
Securing the Tezos Network
Tezos uses a proof-of-stake system, like other blockchains.
You can become a validator by making a security deposit and help keep the network running smoothly.
If you behave and act in the network’s interest, you get rewards. But if you act dishonestly, you might lose your stake.
Where to Purchase Tezos (XTZ)
You can buy Tezos on big exchanges like:
Most Used
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Binance is a great combination of low fees, deep liquidity and multiple cryptocurrencies and trading pairs. We have tested every aspect of it and it STILL holds its reign as the top exchange in the world. In our view, it is the perfect crypto exchange for both newbies and advanced traders alike.
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Biggest exchange in the world.
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Industry's lowest trading fees.
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Advance trading options like leverage trading.
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600+ crypto options, 150+ for the US.
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Lucrative on-site staking options.
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Hiccups in account verification.
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Less regulated than some competitors.
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The corporate structure is not transparently.
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Coinbase is one of the largest crypto exchanges in the world and a widely-used platform for buying, selling, and trading over 200 cryptocurrencies. It offers trading solutions for beginner, advanced, and institutional traders alike. Take a look at what makes it an excellent option for individual traders looking to trade in cryptocurrencies and beyond.
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A wide-selection of coin offerings.
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Most secure online crypto platforms.
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Top-rated mobile app.
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Easy interface and user-friendly.
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Expensive and complex fee structure for beginners
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Higher fees as compared to other cryptocurrency exchanges.
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Slow customer support.
These platforms let you trade XTZ with regular money and other cryptocurrencies like Bitcoin.
Coinweb’s Crypto Wiki can provide educational resources for those new to cryptocurrencies and interested in purchasing Tezos.
Tezos is a blockchain network that can change and improve without needing big, disruptive upgrades. Unlike Bitcoin, if you have Tezos tokens (XTZ), you can vote on upgrades.
Arthur Breitman, using the name L. M. Goodman, wrote the first Tezos white paper. He and his wife Kathleen also created the company that built Tezos’ initial code.
In Tezos, you can “bake” by staking 8,000 XTZ which lets you participate in network decisions and keeps you motivated to stay honest. Participants vote on blockchain code changes, and if most people agree, it’s tested and possibly made permanent.
You can buy XTZ on major cryptocurrency exchanges like Binance and Coinbase.
Tezos uses a proof-of-stake system. You can help keep the network safe and smooth by making a security deposit and acting in the network's interest, which may earn you rewards. If you're dishonest, you can lose your stake.
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